Mercedes-Benz Group (OTCMKTS:MBGYY) Cut to “Hold” at UBS Group

UBS Group downgraded shares of Mercedes-Benz Group (OTCMKTS:MBGYY) from a strong-buy rating to a hold rating in a research report report published on Tuesday,Zacks.com reports.

Separately, Barclays lowered shares of Mercedes-Benz Group from an “equal weight” rating to an “underweight” rating in a research note on Monday.

Mercedes-Benz Group Trading Up 1.2 %

Shares of MBGYY opened at C$14.03 on Tuesday. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.36 and a quick ratio of 0.98. The company’s 50-day simple moving average is C$14.79 and its 200-day simple moving average is C$16.15. Mercedes-Benz Group has a 1 year low of C$13.38 and a 1 year high of C$20.81.

Mercedes-Benz Group (OTCMKTS:MBGYY) last issued its quarterly earnings results on Friday, October 25th. The company reported C$0.50 EPS for the quarter. The company had revenue of C$37.95 billion during the quarter. Mercedes-Benz Group had a net margin of 7.36% and a return on equity of 11.66%. On average, research analysts forecast that Mercedes-Benz Group will post 2.55 EPS for the current year.

About Mercedes-Benz Group

Mercedes-Benz Group AG operates as an automotive company in Germany and internationally. It operates through Mercedes-Benz Cars, Mercedes-Benz Vans, and Mercedes-Benz Mobility segments. The company develops, manufactures, and sells cars and vans under the Mercedes-Benz, Mercedes-AMG, Mercedes-Maybach, G-Class brands, as well as related spare parts and accessories.